Northern Emerging Markets Equity Index Fund ( NOEMX ) seeks to provide return similar to the total performance of the MSCI Emerging Markets Index. NOEMX invests majority of its assets in securities that are included in the MSCI Emerging Markets Index and in various depository receipts like, European Depository Receipts, American Depository Receipts and Global Depository Receipts.
This Non US - Equity product has a history of positive total returns for over 10 years. Specifically, the fund's returns over the 3 year benchmarks of 1.2%. To see how this fund performed compared in its category, and other #1 and #2 Ranked Mutual Funds, please click here .
NOEMX's performance, as of the last filing, when compared to funds in its category was in the top 12% over the past 1 year and in the top 41% over the past 3 years.
The Northern Emerging Markets Equity Index fund, as of the last filing, allocates their fund in three major groups; Emerging Market, High Yield Bond and Foreign Bond. Further, as of the last filing, Tencent Holdings Ltd, Samsung Electronics Co Ltd and Taiwan Semiconductor Manufacturing Co Ltd were the top holdings for NOEMX.
This Zacks Rank #2 (Buy) was incepted in May 2006 and is managed by Northern . NOEMX carries an expense ratio of 0.30% and requires a minimal initial investment of $2,500.
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.